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US Airways To Cut Jobs And Focus On Key Network Strengths (LCC)
Wednesday, October 28, 2009 - 2:57pm | 120In an effort to return to profitability, US Airways (NYSE: LCC) announced their plans to downsize 3% of their workforce by cutting 1,000 Jobs by the first half of 2010. The airline will instead shift their focus into four key cities while focusing on their shuttle service business. The four key...
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Continental (NYSE: CAL) And United Airline (UAUA) May Merge
Tuesday, October 27, 2009 - 9:51am | 131According to the Wall Street Journal, Continental Airlines Inc (NYSE: CAL) and UAL Corporation’s (NASDAQ: UAUA) United Airline may consider a merger. Just 18 months ago, that did not seem plausible as Continental walked out of the merger talks. WSJ reported that Continental (4th largest airline in...
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AMR Corporaion Announces Huge Losses (AMR)
Wednesday, October 21, 2009 - 12:06pm | 61Parent company, AMR Corporation (NYSE: AMR) , announces loss of over $359 million or $1.26 a share for the third quarter. Their operating revenue also went down significantly as it fell to $5.13 from $6.42 billion the previous year. Because of the news, AMR Shares also dropped 4.1% or $7.53 a...
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Today's Morning Top Gainers (MPS, BK, UAUA, LXK, NVAX)
Tuesday, October 20, 2009 - 10:30am | 363MPS Group, Inc. (NYSE: MPS) is today’s top percentage gainer in morning trade and surged 21.72% today to $13.56 on an unusual huge volume of 10.13 million shares after Adecco , the world's largest staffing company, is buying American rival MPS Group for $1.3 billion, boosting its high-margin and...
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The FAA Proposes $5.4 Million Fine Against US Airways (LCC)
Thursday, October 15, 2009 - 4:23pm | 118The Federal Aviation Administration has proposed huge fines against both US Airways (NYSE: LCC) and United Airlines for alleged safety violations involving thousands of flights. The carriers are two of the largest in the U.S., and both stand accused of being out of compliance with airworthiness...
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MESA AIR GROUP (MESA) Announces Joint Venture with Mokulele Flight Service Inc
Wednesday, October 14, 2009 - 2:26am | 78MESA AIR GROUP, INC. (Nasdaq: MESA) entered in to an agreement with Mokulele Flight Service Inc. to create a joint venture to provide Hawaii inter-island airline service under the go! and Mokulele brand names. Mesa currently operates 136 aircraft with approximately 800 daily system departures to...
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Most Active Stocks (AA, LVS, AAI, DRYS, AUY)
Thursday, October 8, 2009 - 11:39am | 242Alcoa Inc. (NYSE: AA) is among the most active stocks and rallied 2.97% to $14.63 on 59.13 million shares after it reported third-quarter net income of $77 million or $0.08 per share versus net income of $268 million or $0.33 per share in the same quarter a year before. This was way ahead the...
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AirTran Holdings (AAI) Announces Senior Notes Offering
Thursday, October 8, 2009 - 6:06am | 112AirTran Holdings, Inc. (NYSE: AAI), parent company of AirTran Airways Inc, announced its offering of $10B aggregate principal amount of 5.25 percent Convertible Senior Notes due 2016. AirTran also announced it has granted the underwriters of the notes offering a 30-day option to purchase up to an...
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Biggest Losers (MERX, AAI, SGMO, CAR, GRS)
Wednesday, October 7, 2009 - 11:33am | 266Merix Corporation (NASDAQ: MERX) fell 26% to $2.05 on huge volume of 1.10 million shares after Viasystems Group, Inc. and Merix Corporation announced that they have entered into a definitive agreement to merge their businesses. AirTran Holdings, Inc. (NYSE: AAI) plummeted 17% to $5.10 on unusual...
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Stocks to Watch (COST, WWW, YUM, DAN, BARE, AAI)
Wednesday, October 7, 2009 - 7:00am | 424Costco Wholesale Corporation (NASDAQ: COST) reported Net sales for the fiscal 2009 fourth quarter ended August 30, 2009 were $21.89 billion, a drop from $22.63 billion in the same period a year ago. Net income for the fourth quarter of fiscal year 2009 was $374 million, or $.85 per share, compared...
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Delta Air Lines (DAL) Extends Lease Agreement with Atlanta Airport Through 2017
Tuesday, October 6, 2009 - 7:57am | 69Delta Air Lines Inc.(NYSE: DAL) has reached a deal with the world's busiest airport to extend its lease agreement there through 2017. The agreement must be approved by the Atlanta City Council and Delta's board. According to the airport, all the airlines that do business at the facility are...
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Biggest Losers (RVSN,ROC,PAG,UAUA,ASTI)
Thursday, October 1, 2009 - 12:11pm | 305RADVISION LTD. (USA) (NASDAQ: RVSN) plummeted 31% to $6.16 on huge volume of 4.20 million shares and fell 37 percent earlier for the biggest intraday retreat since March 2000. The Israeli maker of video- conferencing systems dropped after Cisco Systems Inc. (CSCO US) agreed to buy rival Tandberg...
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Today's Morning Top Gainers (CHTP,XRTX,PTN,XJT,ATV)
Thursday, October 1, 2009 - 11:37am | 291Chelsea Therapeutics International Ltd. (NASDAQ: CHTP) is the top percentage gainers in morning trade and surged among 17% today to $2.93 on huge volume of 12.75 million shares after it announced that continued analysis of previously reported results from Study 302, the first of two pivotal Phase...
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UAL Corp (LCC), US Airways (UAUA) slip in early trades on fund raising plans of holding company
Thursday, October 1, 2009 - 10:03am | 82Airline stocks were down early Thursday with United parent UAL Corp. (NYSE: LCC) off sharply after announcing it would issue new stock and debt. In early trades, the NYSE Arca Airline Index fell 3.3% to 27.84 points with all but one of its 13 components in the red. Shares of US Airways (NYSE:...
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Stocks to Watch (ASTI,LWSN,UAUA,CRPX,BCRX)
Thursday, October 1, 2009 - 6:37am | 297Ascent Solar Technologies, Inc. (NASDAQ: ASTI) slipped 6.63% to $7.04 in premarket trading after the developer of solar modules used in outer space said it plans to sell 4 million shares, raising money to fund production expansion. Shares of ASTI have surged over 85% in the last 6 months. Lawson...